Drilling Report

Roc Oil Company Limited
10 January 2006




10 January 2006


                        ROC OIL COMPANY LIMITED ('ROC')
                                        
                             STOCK EXCHANGE RELEASE


                      MAURITANIA OFFSHORE DRILLING UPDATE

ROC advises that the following release was made earlier today by Woodside
Petroleum Ltd:
'Woodside Petroleum Ltd. reports the following activity by its wholly-owned
subsidiaries Woodside Mauritania Pty. Ltd. and WEL Mauritania B.V. offshore
Mauritania since the last report issued on 3 January 2006.

                 PSC Area C, Block 6: Zoule-1 Exploration Well

The 'Stena Tay' drill rig drilled the Zoule-1 exploration well to the final
total depth of 3,730 metres.

At midnight on 9 January 2006, preparations were underway to commence wireline
logging operations. The well will then be plugged and abandoned as planned.

Following the Zoule-1 well the Stena Tay will then drill the Dore exploration
well located in PSC Area B.
                                    General

All reported drilling depths are referenced to the rig rotary table and all
times are Universal Time (UTC) (Mauritanian time).

The locations of planned exploration wells and the Chinguetti Oil Field are
shown on the attached map.'

Participating Interests in the Chinguetti Joint Venture and relevant PSC areas
are:

     +-----------------------+----------+-----------+---------+-----------+
     |        Company        |Chinguetti|   PSC-A   |  PSC-B  |  PSC-C,   |
     |                       |  Joint   |           |         |  Block 6  |
     |                       | Venture  |           |         |           |
     +-----------------------+----------+-----------+---------+-----------+
     |Woodside group         |47.38448% |  53.846%  | 53.846% |  37.578%  |
     |companies (Operator)   |          |           |         |           |
     +-----------------------+----------+-----------+---------+-----------+
     |Hardman group companies|19.00800% |   24.3%   |  21.6%  |  22.422%  |
     +-----------------------+----------+-----------+---------+-----------+
     |Societe Mauritanienne  |12.00000% |    --     |   --    |    --     |
     |des Hydrocarbures      |          |           |         |           |
     |(formerly GPC)         |          |           |         |           |
     +-----------------------+----------+-----------+---------+-----------+
     |BG group companies     |10.23440% |  13.084%  | 11.63%  |    --     |
     +-----------------------+----------+-----------+---------+-----------+
     |Premier group companies| 8.12328% |    --     | 9.231%  |    --     |
     +-----------------------+----------+-----------+---------+-----------+
     |Roc Oil group companies| 3.24984% |  4.155%   | 3.693%  |   5.0%    |
     +-----------------------+----------+-----------+---------+-----------+
     |Fusion group companies |    --    |  4. 615%  |   --    |    --     |
     +-----------------------+----------+-----------+---------+-----------+
     |Petronas Carigali      |    --    |    --     |   --    |   35.0%   |
     |Overseas Sdn Bhd       |          |           |         |           |
     +-----------------------+----------+-----------+---------+-----------+
(*Map attached to copy release on ROC's Website:
http://www.rocoil.com.au/Pages/ASX_Releases/2006_Releases/January-2006.html

Michelle Manook                              For further information please
General Manager - Corporate Affairs                                contact:
                                                           Dr John Doran on
                                                       Tel: [phone]
                                                       Fax: [phone]
                                                Email: [e-mail]
                                                    Or visit ROC's website:
                                                          www.rocoil.com.au
                                                              Dr Kevin Hird
                                       General Manager Business Development
                                                   Tel: [phone]
                                                   Fax: [phone]
                                                 Email: [e-mail]
                                                                           
                                                               Nick Lambert
                                       Bell Pottinger Corporate & Financial
                                                   Tel: [phone]
                                                                   



                      This information is provided by RNS
            The company news service from the London Stock Exchange